Cassava flour
Cassava flour has very close substitute in garri, yam flour,
plantain flour etc. This notwithstanding, it is a very popular food item that
is easy and fast to prepare. The raw material for this project is cassava
tubers. The raw material is available all over the federation.
The machinery, accessories and equipment needed to produce good
quality cassava flour are cassava peeler, cassava tuber, grinder, sieve, dryer,
fermentation tank, sealing /sewing machine and international standard measuring
scale. All of the above can be fabricated locally for any capacity required by
investors. There is a ready market in Europe, America and Middle East.
· Cotton
Cotton is the most important natural fiber of the 20th century.
The efforts of the Federal Government of Nigeria towards the development of the
nation’s cotton sector received a boost recently, as the National Cotton
Association of Nigeria (NACOTAN) got a lifeline of N33 million to enable the
sector bounce back to life.
Nigerian snails are in high demands in America and Europeans
Countries. The only thing the snails may constantly demand from you is your
attention and care but they hardly fall sick.
You don’t have to buy their food and you may not have to spend much
to create an abode for them. The beauty of it all is that the snails reproduce
rapidly. They are capable of producing hundreds of eggs, which hatch into
snails. It is now possible to produce 1,000,000 snails worth more than N5
million twice a year.
If
you can produce snails in good quantity, there is a ready market for you.
Snails are hotcake in European Countries and America. The good thing about this
is that it is very easy to rear as it produces rapidly with close to nothing in
expenditures for feeding.
· Ginger
Ginger is one of the most important articles of trade in the
world spice market, where it is found fresh, dehydrated, preserved powdered and
other forms. Though, Nigeria is among the World’s largest producers of ginger.
Ginger’s flavor and colour vary with its origin and harvesting, storage and
processing conditions.
· Leather and Footwear
Presently the world footwear and leather products sector is
moving from high-cost industrialized countries to developing countries and many
developing countries (Nigeria inclusive) have strong potentials in this sector
regarding raw material and human resources, but have mainly remained suppliers
of raw and semi-finished products.
The raw materials for leather and its products are mainly from
livestock, and Nigeria is endowed with the third largest livestock population
in Africa. Raw materials availability has been acknowledged as a basic
comparative advantage towards the export of leather and leather products.
Palm kernel oil (PKO) is extracted from the kernel of
palm. It should not be confuse with palm oil, which is obtained from the pulp
of fruit of the palm. Palm kernel oil has a light yellow color and it has a
milder flavor than palm oil. It is often used in the manufacture of various
cosmetic, confectionery and pharmaceutical industries.
Palm Kernel Oil Crushing is a viable investment because raw
materials can be sourced at ease, the production technology is simple and
feasible, and the market for end products are automatic.
· Palm Kernel Cake
Palm kernel cake (PKC) as a by-product in the milling of
palm kernel oil. Palm kernel cake is considered a medium grade protein in feed,
containing 14.6% to 16.0% crude protein, useful for fattening cattle either as
a single feed, with only minerals and vitamins supplementation or mixed with
other feedstuff. It has also become the main ingredient in daily cattle ration.
Palm kernel cake is commonly exported, mainly to Europe. It is
delivered in bulk via vessel or pack in bags for easier handling and
distribution. Lately, it is also used as Biomass fuel in Europe especially
United Kingdom to provide heat and energy. The cake is demanded by feed millers
and by exporters.
· Yam flour
There is no doubt that Nigeria produces yam in abundance. In
every state of the country, yam is available. It is estimated that over 30% of
the harvested yam tubers are lost as waste, but due to the availability of
processing and preservation mechanism it is easy. The machinery and equipment
needed to process yam flour are:
1.
Yam peeler
2.
Milling machine
3.
Boiler
4.
Scale
5.
Dryer
6.
Sealing machine
7.
Packing machine
If there is a country that should take this project very
seriously, it is Nigeria. It is the world’s largest producer of yams (over six
million metric tones) accounting for over 50% of its output. Of this output,
only about 5% (300,000 MT) is put into industrial use by way of chips and
flour.
· Textiles and Garments
Nigerians can now tap into the $31bn US Booming Garment Market.
When AGOA (African Growth and Opportunity Act) came into effect, many Nigerians
saw a window of foreign exchange earning in the textile and garment section of
the act and keyed into it.
Such Nigerians now earn millions of dollars from garment and
textile exports to the US annually. Nigeria’s textiles and apparels have been
granted duty-free passage into the United States’ where a large market exists
for ethnic African fabrics and designs.
· Cocoa butter
Like many trees, the cocoa tree produces fruit. Inside this
fruit are seeds known as “cocoa beans.” When cocoa beans are crushed and
pressed, cocoa butter and cocoa powder are released, both of which are
essential to chocolate making. The smooth texture, sweet fragrance and
emollient property of cocoa butter make it a popular ingredient in cosmetics
and skin care products, such as soaps and lotions.
Because of its high stability, cocoa butter is also used in a
variety of health and beauty products as well, such as lotions, facial
products, cosmetics and pharmaceutical products. This product is in high demand
in UK and America.
· Gum Arabic
Gum Arabic is produced by Acacia trees and occurs within the
Sahel Ecological zone of Nigeria. We are currently the third largest exporter
of Gum Arabic in Africa, after Sudan and Chad. Its annual exports are estimated
at 5,000 metric tons. The highest quality of Gum Arabic—Grade 1—is used in a
wide variety of food, beverage, cosmetic, and pharmaceutical products, making
the market for this grade of gum quite robust.
The Nigerian Gum Arabic season is December to April of the
following year and the trading period of the product takes place between
January and June of every other year. Newly established National Association of
Gum Arabic Producers, Processors and Exporters of Nigeria (NAGAPPEN) chapters
in each state have been the vehicle through which informal training has been
conducted.
Cashews are found wild and cultivated in about 14 States in
Nigeria but it has potential for cultivation in almost all part of the country.
Actual production figure is not available, but is estimated to be around 50,000
tons annually. Over 80 per cent of it is exported raw and unprocessed to India,
Vietnam and Brazil, where they are processed into kernels and sold for higher
value in Europe and North-America.
In recent times, world market price of kernels has stabilized at
$1.7 per pound for the benchmark grade – W320. This consumer-friendly price is
likely to sustain continued demand for the product, even as new low cost
suppliers enter the international market. One cashew tree produces between 200
and 300 cashew nuts in a year.
· Charcoal
The cry for alternative energy source has put CHARCOAL in the
forefront in the global market. A large market exists in EU, USA and ASIA with
prices ranging from $700 to $800 per ton, with about 40% return on Investment.
This product is virtually available all over Nigeria as many local communities
have perfected the technology of charcoal production.
Some known charcoal deports are found in places like Oyo,
Isheyin, Saki Igbo-Ora, Ogbomosho- all in the western part of the country. We
also have depots in Jebba, Omu Aran, Egbe, Kabba in the Central States.
Charcoal is found in abundance also in Minna, Jos and Kaduna. Besides, an
individual can produce his own charcoal wherever he/she is located.
· Cosmetics and soap
The technology and art of making soap has been with us for a
very long time. It is only the technology that has improved globally, which
Nigeria investors can as well imbibe. Cosmetic and soap production, whether
laundry or toilet, can be carried out in any part of the country. One can
conveniently set up a virile and dependable plant using locally manufactured
machinery and equipment.
Apart from the big Nigerian market, one can cash in on the high
demand from the neighboring countries (whose citizens travel several kilometers
to Nigeria to purchase their daily essentials) to embark on export, once the
quality is good and price competitive.
Gallstone is clay-like solid substance found in the gallbladder
of a matured cow or oxen. It is about the size of a peanut and can be as big as
a pigeon egg. At times, they could be as big as ordinary eggs and can weigh
between 15 and 18 grammes. They are collected by pharmaceutical companies
abroad for medical purposes.
A good quality gallstone should be dried upon collection of some
quantity say 100g, you can then parcel them and send to buyers abroad who then
pay with hard currency immediately the parcel is received. Gallstone has a
well-established market in Asia and America. The market is guaranteed and can
take up as much quantity as supplied without any adverse effect on the price.
Rubber
The Rubber Research Institute of Nigeria (RRIN) has acquired
costly equipment to act as a designated Central Testing Laboratory (CTL) in
Nigeria. This accreditation would ensure that the Institute examines and
certifies rubber produced in Nigeria for export.
The reality right now is that the increasing cost of sourcing
rubber wood has made companies in Asia and buyers in the U. S. and Europe to
search for cheaper sources particularly among rubber producing countries, of
which Nigeria is a significant producer. The export market takes first quality
rubber wood almost exclusively; a cubit meter of wood goes for between $250 and
$350 depending on the quality
· Shea butter
Shea butter or Shea nut butter is a slightly yellowish or
ivory-colored natural fat extracted from fruit of the Shea tree by crushing and
boiling. Sometime ago, the former Nigerian First Lady, Hajia Turai Umaru
YarAdua invited Japanese Shea Butter experts to set up a factory that will
train Nigerian women who have been known to be actively involved in the
production of Shea butter in the country.
Capitalizing on Shea butter global popularity, Nigeria and Japan
will team up to bolster female entrepreneurs in Nigeria and strengthen the
country’s economy by increasing production of the nut-based fat. It is hoped
that with Japan support and intervention and additional support from
government, Shea butter production will witness new heights as a foreign
exchange earner for Nigeria.
· Sesame seed
Sesame seeds (sesamum indicum) belong to the plant family
Pedaliaceae. It is an important oilseed crop believed to have originated from
tropical Africa. 25% of world sesame seed hecterage is planted in Africa and
Nigeria is one of the major producers of sesame seed in Africa.
It is found predominantly in Benue and Jigawa States in Northern
Nigeria. It is one of the oldest food and cash crop in Nigeria which is
produced in 21 states of the Federation. The commodity ranks second to cocoa in
terms of volume of export and foreign exchange earnings.
Global production in 2005 was put at 2.4 million metric tonnes
with China and India as leading producers. Nigeria is the 5th largest producer
of the commodity in the world with an estimated production of 120,000 metric
tones annually.
· Garlic
Garlic is usually grown under irrigation by farmers as a cash
crop in the Savanna zone of Nigeria, between the months of November and March.
In Nigeria, however, reliable production figures are not readily available due
to paucity of published information on the production of this crop. Garlic is a
product that can earn you foreign dollars in America and EU Countries.
· Chili Pepper
Nigeria is known to be one of the major producers of pepper in
the world. The implication of this is that we have the good weather that can
readily support the growth and production of pepper in Nigeria. There are
hundreds of different types of chili peppers that vary in size, shape, color,
flavor and hotness. This fleshy berry features many seeds inside a potent
package that can range from less than one inch to six inches in length, and
approximately one-half to one inch in diameter. Chili peppers are usually red
or green in color.
· Pure Honey
Honey is primarily composed of fructose, glucose and water. It
also contains other sugars as well trace enzymes, minerals, vitamins and amino
acids. Honey is manufactured in one of the
world’s most efficient factories, the beehive. Honey is currently priced between US$ 10.00 AND US$12.00
per kilogram at international market. At the Nigerian market, genuine pure
natural honey cost between N1000-N1,500 per litre.
The term poultry is generally used to refer all the domestic
birds kept egg or meat purposes. Neighboring West East and Northern Africa
Countries also depend on poultry eggs from Nigeria, as the weather for the
production of poultry eggs is highly conducive in Nigeria compared to these
neighboring countries.
Irrespective of the abundant animal feeds, which are readily
available, there is also the export potential, which has not been tapped fully.
For any person or corporate bodies looking for a project that will generate
income on a daily basis, poultry egg production is one of such project.
· Fruit juice
The Nigerian market provides huge export market opportunities
for U.S. exporters of fruit juice concentrate. Nigeria’s fruit juice market has
grown 60 percent over the last five years and this growth is due to increasing
incomes of Nigerian consumers, an expanding middle class, and greater
health-consciousness of consumers. The federal government on the 29th January
2003 announced the total ban of importation of fruit Juice (either in bottled
or packaged form).
However, investors can import such in big drums or containers as
raw materials in their industries, for repacking or rebottling in Nigeria.
There are lots of natural fruit in the country namely: Mango, Citrus, Tomato,
Paw-paw, guava, Pineapple to mention but a few. These fruits are produced
abundantly in almost all states of the Federation and available in all Nigerian
markets.
· Shrimps
Nigeria is one of the tropical countries endowed with rich
shrimp resources. With rich organic deposit arising from runoff, the Niger
Delta region is the heartland of shrimp and oil production in Nigeria; having a
production capacity of 12,000 metric tons (MT) per year. The major markets for the
Nigerian shrimp in Europe are Belgium, Portugal, Spain, France and the USA. All
are usually packaged in 2.2-kg packets into master cartons.
· Yam
Nigeria realized N56 billion (US$380 million) from yam exports during
2008 according to figures released by the Nigerian Export Promotion Council (NEPC).
World production of yam is 51.4 million tonnes per year out of which Nigeria
accounts for an average of 36.7 million tonnes, Ghana for 3.6 million tonnes
and Cote d’Ivoire for 4.8 million tonnes.
There are no specific standards for yam export, but intending
exporters must seek information on the quality and phytosanitary regulations of
the importing country as well as the product specifications required by the
importer
Please remember, preparing for the world of international trade
is a complex process. But with the proper knowledge and strategy, you’ll soon
be on your way to worldwide success.
